By OGJ editors
HOUSTON, Feb. 21 -- Cabot Petroleum Canada Corp. plans early production from a gas discovery at its Hinton prospect in northwestern Alberta, reported parent company Cabot Oil & Gas Corp., Houston.
The Cabot Hinton 11-16-51-16W5M, drilled to 10,690 ft, encountered three productive zones with 118 ft of combined net pay in a new pool. Cabot has completed one zone in a 106 ft pay section and is preparing the well for production.
The zone flowed naturally but was fracture-stimulated and tested at a rate of 7.3 MMcfd on a restricted choke at 7,061 psi flowing tubing pressure. Cabot has a 75% working interest in the well and in one offsetting section, along with a 60% working interest in 10 additional sections on this play, which covers 7,680 gross acres.
Cabot Chairman Dan O. Dinges said the well would start production at the end of February at up to 12 MMcfd. He said production would exceed 20 MMcfd when pipeline upgrades are complete.
Cabot is in discussions to expand takeaway capacity in the area to more than 50 MMcfd of gas by yearend. Two offset development locations are planned for later this year, with further drilling possible in 2007, depending on success.
